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Author Topic: 0% Balance Transfer Credit Cards..  (Read 320 times)
DarloSTFC84


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« on: Sunday, December 16, 2018, 10:30:17 »

So.. a colleague of mine has just asked me something I literally know nothing about (which is a shock)..

Can you use a 0% balance transfer credit card to pay off both an existing credit card debt AND you overdraft(s) or is it just for your Credit Card?

Having never had one, I don't know how they work (and I'm not sure why they thought I would)..

So here I am at the font of all knowledge trying to get the information she desires..
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Quagmire


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« Reply #1 on: Sunday, December 16, 2018, 10:36:32 »

Will probably depend who the credit card and overdraft is with. I would say its unlikely youd be able to pay off the overdraft though.
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sir windon


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« Reply #2 on: Sunday, December 16, 2018, 11:07:22 »

This site is usually pretty good for advice
https://www.moneysavingexpert.com/banking/cut-overdraft-costs/
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sir windon


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« Reply #3 on: Sunday, December 16, 2018, 11:10:09 »

They call them money transfers I think.
https://www.moneysavingexpert.com/credit-cards/money-transfers/
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Simon Pieman
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« Reply #4 on: Sunday, December 16, 2018, 11:40:15 »

Yes you need one offering a 0% money transfer. Apparently they don't count as a cash withdrawal on your credit file.
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